For Sale
$2,900,000

77-87 Glade DrKittanning, PA 16201

30,000 SF, 6 Units, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 30,000-square-foot mixed-use commercial property situated on a 3.51-acre lot in Kittanning, Pennsylvania. The single-story building, constructed in 2000, features six separate units ranging in size from 500 to 10,000 square feet, currently configured for daycare/nursery, executive office, and medical office uses. The property boasts a clear-span beam structure, allowing for flexible space customization and the potential to combine units. Two loading docks and over 130 parking spaces cater to tenant and visitor needs. The property enjoys high visibility from Route 422 and is conveniently located approximately 0.7 miles from ACMH Hospital and 1.4 miles from local shops and restaurants. Currently, three tenants occupy 13,000 square feet, with lease terms varying. The property offers a compelling investment opportunity with a strong net operating income (NOI) of $386,667 and a cap rate of 13.33%. The asking price is $2,900,000, translating to a price per square foot of $96.67. The property is zoned for commercial use and has a parcel number of 12-0-65000. Financial information is available upon request. All information is deemed reliable but not guaranteed

Highlights

  • Clear-span construction allows for flexible space customization.
  • Three income-producing tenants, including a long-term lease with ACMH Orthopedics until 2027.
  • Two loading docks.
  • 130+ parking spaces.
  • High-visibility corner lot on Route 422.
  • Close proximity to ACMH Hospital.

Property Details for 77-87 Glade Dr

Property type
Day care centers & nurseries, Retail properties
Square Feet
30,000 SF
Year Built
2000
Buildings
1
Stories
1
Lot Size (sq. ft)
152,896 SF
Units
6

Location Insight

City
Kittanning
County
Armstrong
State
Pennsylvania
Latitude
40.815617785074
Longitude
-79.564539818357
77-87 Glade Dr, Kittanning, Pennsylvania

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77-87 Glade Dr
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